FEQT.NEO vs. FCMI.TO
FEQT.NEO (Fidelity All-in-One Equity ETF Fund) and FCMI.TO (Fidelity Canadian Monthly High Income ETF) are both exchange-traded funds - FEQT.NEO is a Diversified Portfolio fund actively managed by Fidelity, while FCMI.TO is a Canada Equities fund actively managed by Fidelity. Both are actively managed. Over the past 3 years, FEQT.NEO returned 23.27%/yr vs 13.93%/yr for FCMI.TO. At a 0.18 correlation, their price movements are largely independent. FEQT.NEO charges 0.43%/yr vs 0.50%/yr for FCMI.TO.
Performance
FEQT.NEO vs. FCMI.TO - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FEQT.NEO achieves a 12.75% return, which is significantly higher than FCMI.TO's 9.25% return.
FEQT.NEO
- 1D
- 0.11%
- 1M
- 0.59%
- 6M
- 8.22%
- YTD
- 12.75%
- 1Y
- 25.16%
- 3Y*
- 23.27%
- 5Y*
- —
- 10Y*
- —
FCMI.TO
- 1D
- 0.00%
- 1M
- 0.07%
- 6M
- 7.41%
- YTD
- 9.25%
- 1Y
- 19.31%
- 3Y*
- 13.93%
- 5Y*
- 8.04%
- 10Y*
- —
FEQT.NEO vs. FCMI.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 12.75% | 19.42% | 29.43% | 17.95% | -3.63% |
FCMI.TO Fidelity Canadian Monthly High Income ETF | 9.25% | 15.02% | 13.11% | 5.49% | -5.10% |
Correlation
The correlation between FEQT.NEO and FCMI.TO is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Jan 20, 2022 | 0.18 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FEQT.NEO vs. FCMI.TO — Risk / Return Rank
FEQT.NEO
FCMI.TO
FEQT.NEO vs. FCMI.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity All-in-One Equity ETF Fund (FEQT.NEO) and Fidelity Canadian Monthly High Income ETF (FCMI.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FEQT.NEO | FCMI.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.80 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 5.36 | -2.32 |
| Martin ratioReturn relative to average drawdown | 12.73 | 20.61 | -7.88 |
Loading charts...
Drawdowns
FEQT.NEO vs. FCMI.TO - Drawdown Comparison
The maximum FEQT.NEO drawdown since its inception was -15.98%, smaller than the maximum FCMI.TO drawdown of -63.80%. Use the drawdown chart below to compare losses from any high point for FEQT.NEO and FCMI.TO.
Loading charts...
Drawdown Indicators
| FEQT.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.98% | -63.80% | +47.82% |
Max Drawdown (1Y)Largest decline over 1 year | -8.31% | -3.62% | -4.69% |
Max Drawdown (3Y)Largest decline over 3 years | -13.24% | -6.63% | -6.61% |
Max Drawdown (5Y)Largest decline over 5 years | — | -10.00% | — |
Current DrawdownCurrent decline from peak | -1.77% | -18.96% | +17.19% |
Average DrawdownAverage peak-to-trough decline | -2.83% | -41.60% | +38.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 0.94% | +1.04% |
Volatility
FEQT.NEO vs. FCMI.TO - Volatility Comparison
Fidelity All-in-One Equity ETF Fund (FEQT.NEO) has a higher volatility of 2.69% compared to Fidelity Canadian Monthly High Income ETF (FCMI.TO) at 2.10%. This indicates that FEQT.NEO's price experiences larger fluctuations and is considered to be riskier than FCMI.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FEQT.NEO | FCMI.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 2.10% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 10.09% | 4.99% | +5.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.11% | 6.39% | +5.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.57% | 7.80% | +4.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.57% | 22.20% | -9.63% |
FEQT.NEO vs. FCMI.TO - Expense Ratio Comparison
FEQT.NEO has a 0.43% expense ratio, which is lower than FCMI.TO's 0.50% expense ratio.
Dividends
FEQT.NEO vs. FCMI.TO - Dividend Comparison
FEQT.NEO's dividend yield for the trailing twelve months is around 0.81%, less than FCMI.TO's 3.28% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
FCMI.TO Fidelity Canadian Monthly High Income ETF | 3.28% | 3.38% | 3.63% | 4.09% | 3.73% | 2.76% | 6.22% |
FEQT.NEO Fidelity All-in-One Equity ETF Fund | 0.81% | 0.91% | 0.91% | 1.33% | 1.23% | 0.00% | 0.00% |
Frequently Asked Questions
FEQT.NEO and FCMI.TO have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FEQT.NEO is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FEQT.NEO is cheaper with a 0.43% expense ratio, compared with 0.50% for FCMI.TO.
FEQT.NEO is categorized as Diversified Portfolio, while FCMI.TO is Canada Equities. Their fees differ too: 0.43% for FEQT.NEO and 0.50% for FCMI.TO.
Find the right allocation for FEQT.NEO and FCMI.TO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer